President Trump Signs EO Targeting Urban Revitalization

The Executive Order establishes a White House Council to carry out the Administration’s plan to encourage public and private investment in urban and economically distressed areas... expected to be upwards of $100B

“With the creation of today’s council, the resources of the whole federal government will be leveraged to rebuild low-income and impoverished neighborhoods that have been ignored by Washington in years past,” the President said at a Wednesday’s signing of the Executive Order on Establishing the White House Opportunity and Revitalization Council. “Our goal is to ensure that America’s great new prosperity is broadly shared by all of our citizens. Our country is doing better than ever, economically, and we’re able to do that,” President Trump added.

The council will be chaired by Department of Housing and Urban Development (HUD) secretary Ben Carson and will focus on ways to more effectively use taxpayer dollars in these under-served communities. The council will work to streamline, coordinate, and target existing federal programs to the Opportunity Zones (OZs). In addition, they will consider legislative proposals and undertake regulatory reform to remove barriers to OZ communities’ revitalization efforts.